While studies on the regulation of cryptocurrencies in the USA continue, reports on cryptocurrencies are being prepared from high-level institutions on this subject.
At this point, the latest report came from the US Federal Deposit Insurance Corporation (FDIC), which considers cryptocurrencies to have potential risks.
According to The Block's report, the FDIC has released its 2023 Risk Review Report specifically on cryptocurrency risks for the first time.
Stating in its report that cryptocurrencies and stablecoin activities pose complex risks for the US banking system, the FDIC said that these risks require close monitoring.
“Cryptocurrency-related activities may pose new and complex risks to the US banking system that are difficult to fully assess.
The interest in cryptocurrencies continues to increase day by day.
At this point, as some banks' growing interest in engaging in cryptocurrency activities is also accelerating, the FDIC has determined that more information is needed to better understand the risks associated with these activities.”
Finally, the FDIC, along with other banking regulators, recommends further monitoring and guidance measures to address the risks posed by cryptocurrencies, recommending that “the FDIC, among other federal banking institutions, closely monitor the crypto activities of banking institutions and ensure the stability and integrity of the banking system through robust supervisory discussions and will continue to be committed to publishing more guidance.” said.
*Not investment advice.